Nifty Updates - Bears in command below 4950 - Inder Bhatia

The Indian markets closed on a red note. All of Nifty's gains vanished again in the afternoon session and it closed near about day's lows. As the Nifty has broken 4940, it is under selling pressure and has shifted to the lower band of 4650-4930. The market will react more on global cues and act accordingly. On lower side 4800-4850 will act as support zone, and on the upper side 4940 will act as strong resistance.